INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Values of Equity and Trading Investment Securities

The amortized cost, gross gains and losses, and fair values of investment securities at December 31, 2021 and 2020 are as follows:

	2021
(In Thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for sale (AFS):
Mortgage-backed securities	$	1,752	$	—	$	(5)	$	1,747
State and political securities	113,852		3,500		(694)		116,658
Other debt securities	47,802		524		(321)		48,005
Total debt securities	$	163,406	$	4,024	$	(1,020)	$	166,410
Investment equity securities:
Other equity securities	$	1,300	$	—	$	(49)	$	1,251
Total equity securities	$	1,300	$	—	$	(49)	$	1,251
Trading:
Other equity securities	$	50	$	—	$	(13)	$	37
Trading investment equity securities	$	50	$	—	$	(13)	$	37

	2020
(In Thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for sale (AFS):
Mortgage-backed securities	$	2,118	$	23	$	—	$	2,141
State and political securities	102,690		5,382		(59)		108,013
Other debt securities	51,486		828		(207)		52,107
Total debt securities	$	156,294	$	6,233	$	(266)	$	162,261
Investment equity securities:
Other equity securities	$	1,300	$	10	$	(22)	$	1,288
Total equity securities	$	1,300	$	10	$	(22)	$	1,288
Trading:
Other equity securities	$	50	$	—	$	(10)	$	40
Trading investment equity securities	$	50	$	—	$	(10)	$	40

Schedule of Gross Unrealized Losses and Fair Value

The following tables show the Corporation’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2021 and 2020.

	2021
	Less than Twelve Months				Twelve Months or Greater				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(In Thousands)	Value		Losses		Value		Losses		Value		Losses
Available for sale (AFS)
Mortgage-backed securities	$	1,747	$	(5)	$	—	$	—	$	1,747	$	(5)
State and political securities	34,203		(398)		7,408		(296)		41,611		(694)
Other debt securities	21,446		(301)		1,808		(20)		23,254		(321)
Total Debt Securities AFS	$	57,396	$	(704)	$	9,216	$	(316)	$	66,612	$	(1,020)

	2020
	Less than Twelve Months				Twelve Months or Greater				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(In Thousands)	Value		Losses		Value		Losses		Value		Losses
Available for sale (AFS)
State and political securities	$	12,311	$	(51)	$	900	$	(8)	$	13,211	$	(59)
Other debt securities	5,964		(74)		4,429		(133)		10,393		(207)
Total Debt Securities AFS	$	18,275	$	(125)	$	5,329	$	(141)	$	23,604	$	(266)

Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities at December 31, 2021, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

(In Thousands)	Amortized Cost		Fair Value
Due in one year or less	$	12,512	$	12,549
Due after one year to five years	89,680		90,369
Due after five years to ten years	58,199		60,500
Due after ten years	3,015		2,992
Total	$	163,406	$	166,410

Schedule of Gross Realized Gains and Losses

The following table represents gross realized gains and losses on those transactions:

	Year Ended December 31,
(In Thousands)	2021		2020		2019
Gross realized gains:
U.S. Government and agency securities	$	—	$	—	$	—
Mortgage-backed securities	—		83		—
State and political securities	408		978		544
Other debt securities	323		554		113
Total gross realized gains	$	731	$	1,615	$	657
Gross realized losses:
U.S. Government and agency securities	$	—	$	—	$	—
Mortgage-backed securities	—		—		1
State and political securities	32		23		11
Other debt securities	—		—		5
Total gross realized losses	$	32	$	23	$	17
Gross realized gains:
Financial institution equity securities	$	—	$	—	$	52
Other equity securities	—		—		—
Total gross realized gains	$	—	$	—	$	52
Gross realized losses:
Financial institution equity securities	$	—	$	—	$	—
Other equity securities	—		—		—
Total gross realized losses	$	—	$	—	$	—

Schedule of Unrealized and Realized Gains and Losses Recognized in Net Income

The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the years ended December 31, 2021 and 2020:

(In Thousands)	2021		2020
Net (loss) gain recognized in equity securities during the period	$	(37)	$	27
Less: Net gains realized on the sale of equity securities during the period	—		—
Unrealized (loss) gain recognized in equity securities held at reporting date	$	(37)	$	27

Net gains and losses on trading account securities are as follows for the for the years ended December 31, 2021, 2020, and 2019.

(In Thousands)	2021		2020		2019
Net gain (losses) on sales transaction	$	—	$	—	$	5
Net mark-to-market (losses) gains	(3)		(11)		14
Net (loss) gain on trading account securities	$	(3)	$	(11)	$	19